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Author Question: A monopolist suffers a loss if its ________ schedule is everywhere above its ________ schedule. (Read 141 times)

DelorasTo

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Question 1

If a monopolist earns positive economic profits in the long run


◦ new firms will enter the market.
◦ the monopolist expands production.
◦ the industry supply curve shifts to the right.
◦ the monopolist will not change its behavior.

Question 2

A monopolist suffers a loss if its ________ schedule is everywhere above its ________ schedule.


ATC
MC
MC
AVC
ATC; Demand
◦ Demand; 
ATC


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Marked as best answer by DelorasTo on Apr 19, 2019

nathang24

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